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Bitcoin Rally Unleashed: Hitting All 6 Targets, Eyes Fixed on th Bitcoin Rally Unleashed: Hitting All 6 Targets, Eyes Fixed on the Future! 🚀📈 Overview: Bitcoin's unstoppable surge as it triumphs over all six targets since February 10th! The ongoing uptrend is crystal clear, especially on the 15-minute chart. Technical Signals: Another double bottom on RSI intensifies the bullish sentiment. My entries are strategically set at 51515 to 51596, perfectly positioned for the upcoming moves. Strategy: Anticipating a retracement, I'm patiently waiting for the ideal re-entry point. The current breakout is dynamic, and a brief pullback could unlock a perfect entry opportunity. Next Move: With the breakout fueling the trend, all eyes are on the next move for Bitcoin. Stay vigilant for potential entry points and ride the Bitcoin surge! 🌐💹 #BitcoinRally #CryptoMomentum
BITSTAMP:BTCUSDLong
by chrisGTR
1
A Bitcoin Bull Run?CME: Micro BTC Futures ( CME:MBT1! ), Micro ETH Futures ( CME:MET1! ) This Monday, bitcoin jumped above $49,000 for the first time in a year, and quickly extended its gains and broke through the $50,000 level. By Wednesday, bitcoin shot up again, pushing above $52,000 in morning session. In the past few months, the benchmark cryptocurrency has experienced a “Buying the Rumor and Selling the News” phenomenon. In anticipation of the SEC approval of spot bitcoin ETFs, bitcoin nearly doubled in a matter of just three months, rising from $24,830 in early September to $48,960 in mid-January. On January 15th, when the SEC finally approved the listing of 11 bitcoin ETFs, a huge selloff followed. Bitcoin had gained 156% in 2023 and rose 16% further in January. Instead of riding higher with the good news, investors chose to sell and book profits. Bitcoin tumbled 21% from its recent peak and touched $38,530 on January 24th. My recent trade idea, “BTC: Buy the Rumor and Sell the News”, observed three such occurrences in bitcoin’s brief history. After the dust was settled, cyclical volatility gave way to secular growth. Economic fundamentals are at work here: when it comes to Bitcoin, there is finite supply and a growing demand. At the daily high of $52,079 on Wednesday, bitcoin has already bounced back 35% within a month. Cathie Wood, whose ARK 21Shares Bitcoin ETF is among the 11 approved ETFs, predicted that Bitcoin prices would reach $600K by 2030. While this lofty price level may sound far-fetched now, I think it is entirely plausible for bitcoin to revisit its all-time-high of $68,982.20. It would not surprise me to see a new all-time high (ATH) record in the next few months. Key Drivers for Bitcoin’s Long-term Rise In my opinion, a secular long-term bull market for cryptocurrencies has already emerged. The case for rising bitcoin prices is supported by solid fundamental strength: Firstly, there is a limited supply of bitcoins with a total cap of 21 million. Currently, around 19 million bitcoins have been mined and are in circulation, leaving approximately 2 million left to be mined. This makes bitcoin superior to fiat currencies, whose supply could be increased by central banks, with or without limits. Secondly, the demand for crypto investment could increase substantially. With bitcoin now a SEC-regulated investment asset, the biggest hurdle for participation has been removed. Investors may now buy spot bitcoin, bitcoin futures, bitcoin options, and bitcoin ETFs from their brokerage accounts and trade on regulated US Exchanges. Outstanding performance of both Bitcoin and Ethereum could speed up the asset rotation. Thirdly, an excessive dollar supply could help raise bitcoin prices. This is an important point and deserves a thorough explanation. The US Federal Government is currently running a budget deficit to the tune of $1.5-2.0 trillion a year. By borrowing, it is injecting vast amounts of new dollars into the financial system. In boom time, these dollars will flow to businesses and households in the forms of new investment and new consumption. However, as the economy slows down and the cost of borrowing remains high, they are reluctant to incur more debt. Commercial banks are left holding excessive cash in their books. Facing reduced loan interest income, they would seek to boost investment returns. As conservative investors, banks typically put money in Treasury bonds, high-grade corporate bonds, and Blue-Chip stocks. Now that Bitcoin is sanctioned by the SEC, banks could legally invest in the spot ETFs offered by top-rated asset managers. Although the bank purchases bitcoin indirectly through an ETF, it would pass through to spot bitcoin. With the sheer size of bank assets, a small percentage of asset allocation could increase bitcoin demand substantially. Trading with Micro BTC and ETH Futures In my opinion, both Bitcoin and Ethereum are set up for a long-term marathon bull run. Just like commercial banks, individual investors could consider adding Bitcoin and Ethereum (or the spot ETFs) to their long-term investment portfolio. Speculative traders share my view. “Leveraged Funds” had total long positions of 7,120 on bitcoin futures, vs. 3,147 short positions, in the week of February 6th, according to the Commitment of Trader (COT) report published by the U.S. Commodity Futures Trading Commission (CFTC). The 2.3-to-1 long/short ratio indicates bullish sentiment. There is a problem: with bitcoin already tripling in prices, the price increases going forward do not offer the same level of return dollar-for-dollar. Hypothetically, if bitcoin rises to SWB:69K from GETTEX:52K , the $17,000 gain would equal to 33% in return. If you bought bitcoin for $17K in December 2022, the same dollar gain would be 100% in return. To counter the effect of higher prices, investors could consider using leverage. CME Micro BTC futures ( PSE:MBT ) provide leverage and capital efficiency. The contract notional is 1/10 of 1 BTC. Initial margin is $980. The June contract (MBTM4) was last quoted at $53,575. At current price there is a 5.5 times leverage built in the contract, which is the ratio of 5,357.5 (1/10 of 1 BTC) divided by 980. If the futures price touches the previous ATH at approximately $69,000, a long futures position would gain $1,542 (= 6900-5358), and the return would be a 157% return, using the $980 margin as a cost base. For a comparison, investing in 1/10 of a spot bitcoin or bitcoin ETF would gain $1,700 (= 6900-5200), but the return would be 33% only (= 1700/5200), without the leverage. Similarly, CME Micro Ether futures ( NYSE:MET ) also provide leverage and capital efficiency. The contract notional is 1/10 of 1 ETH. Initial margin is $62. The April contract (METJ4) was last quoted at $2,802. At the current price there is a 4.5 times leverage built in the contract, which is the ratio of 280 (1/10 of 1 ETH) divided by 62. If the futures price touches 3,500, a long futures position would gain $70 (= 350-280), and the return would be a 113% return, using the $62 margin as a cost base. For a comparison, investing in 1/10 of a spot Ethereum would gain $75 (= 350-275), but the return would be 27% only (= 86/267), without the leverage. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:MBT1!Long
by JimHuangChicago
2
BETS- another crypto penny stock resting over the weekend at the 0.5 fib retracement of a 100% 1-2 day move while Bitcoin trends higher in weekend price action. Can the price action reverse out of the pullback and retracement with bullish continuation? Relative strength has retreated but held at the 50 level. Consistent with consolidation, the volume fell off for the close of the trading week. I will take a long trade in this suspecting it will do well as did HUT and other cryptocurrency penny stocks. I will set a 5% stop loss and target 25% or the middle of the zone of the topping wicks on the pivot high of the previous trading day. So, this is a R:r of 5 trade plan. Safe and conservative especially since I will only use 0.01% of buying power for the trade.
BLong
by AwesomeAvani
Revised Bitcoin Path to $155k - $210k and $100k By the HalvingHere's my Revised Bitcoin Path to $155k - $210k and $100k By the Halving study. Note: If you're using a Fib based on a Log scale these levels will change, but the $155k level is still the likely target based on a 1.618 vs a 3.618 projection. In this video I've outlined the 10 factors including the ETF money flows already coming in. Each of these factors could help ignite the other 9, and contributing to a near term mega rally. The chart bars pattern in Blue is a copy of the previous cycle where this happened, so we we know this is possible. A near term pullback from $50k is likely however, and healthy. I anticipate this would be the best / safest entry point and best scenario for a much larger push higher as noted above. I've also outlined 5 potentially negative factors which could slow growth, but are less likely. Would love to hear your comments below!
COINBASE:BTCUSDLong
by BrettFogle
1
BITCOIN: Hong Kong's Entry into the Cryptocurrency ArenaBITCOIN: Hong Kong's Entry into the Cryptocurrency Arena In the ever-changing landscape of cryptocurrencies, Bitcoin (BTC) has recently been treading water, leaving investors with an air of uncertainty about its future path. This comprehensive report delves into the current dynamics shaping cryptocurrency prices, potential catalysts steering future valuations, and a detailed technical analysis of Bitcoin. Federal Reserve's Sway: All eyes are on the Federal Reserve (Fed) as it gears up for an upcoming interest rate decision, wielding the potential to sway the crypto market. While expectations lean toward the Fed maintaining the status quo, the nuances in their accompanying statements and Chairman Powell’s press conference could introduce an element of unpredictability. Factors like easing inflation and challenges in the US manufacturing sector might prompt a more dovish stance, injecting optimism and potentially boosting crypto investments. Return of Chinese Investors: Reports are surfacing about a resurgence in interest among Chinese investors in the crypto market. Economic uncertainties in China, coupled with concerns about the stability of Chinese developers and the liquidation order for Evergrande, are pushing investors towards alternative assets. Despite the crypto ban in China, intermediaries are facilitating investments, painting cryptos as electronic gold. If this trend continues, we might witness sustained growth in the crypto market, but regulatory crackdowns could cast a shadow. BTC ETFs Expanding Horizons: Following the SEC’s green light for BTC ETFs in the US, the spotlight now turns to Hong Kong. Financial institutions are reportedly gearing up to file BTC ETFs with the Hong Kong Securities and Futures Commission. This global expansion of Crypto ETFs, post-US approval, underscores the growing acceptance and interest in cryptocurrency investment avenues. Navigating the Technical Terrain: From a technical perspective, BTC recently rebounded from the $38,000 support on January 23, initiating an upward trajectory within a Megaphone pattern. The next milestones for the price are ambitiously set at $45,000 and $50,000. As the crypto market grapples with economic shifts and evolving regulations, the Fed's decisions, sentiments of Chinese investors, and the global expansion of BTC ETFs stand poised to influence Bitcoin's journey in the weeks ahead. Traders and investors should remain vigilant, ready to adapt their strategies to the ever-evolving crypto landscape.
BITSTAMP:BTCUSDLong
by FOREXN1
5
Bullish Week Ahead for BTC? 🌞 Time to Long?Cryptocurrencies rose sharply on Friday and over the weekend, with the price of Bitcoin surging close to its cycle high reached mid-January. This in turn triggered a massive wave of liquidations, wiping out millions of dollars. The price of Bitcoin was up 0.3 percent at 48,300 dollars over the past 24 hours, compared to 46,300 dollars on Friday. A bullish sun shines over Bitcoin, Ether and Binance Coin in the next 24 hours and over a one-week horizon, signaling upward potential. As for Ripple’s XRP, Avalanche and Polkadot, they will face bearish clouds, rain or even a storm, indicating downside risk over the short and medium term. The outlook is mixed for Cardano, Dogecoin, Uniswap and Polygon which face clouds in the coming 24 hours, but sun and upside potential over a one-week horizon. Follow us for more crypto weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
$btc Bitcoin price action still rising in channel....UP or Down?CRYPTOCAP:BTC Bitcoin's price action has remained in this rising channel since around 26000. Current price: 48100 If price continues to respect this channel expect to find previous resistances: 50600, 53500, 55200 #bitcoin is also spotting a double top with a bearish divergence on the daily timeframe oscillator. if price cannot rise past current resistances expect price to retest supports at: 47200, 44200, 41800, 39400 Decision point!
BYBIT:BTCUSD.PShort
by Ifiok-2sydes
bitcoin longConstantly analyzing Bitcoin involves posing a singular question: Where is Bitcoin headed? Presented here is a technical analysis of Bitcoin utilizing Elliott Waves. Currently, we anticipate a price correction in the form of an ABC pattern before the upward trend resumes. It is crucial to note that despite market fluctuations, Bitcoin is not up for sale; every decline serves as a favorable buying opportunity. However, it's imperative to understand that our analysis does not provide explicit buy or sell signals. We encourage you to thoroughly study the market and form your own perspective before making any trading decisions
COINBASE:BTCUSD
by oraclpips
BTC Update - 10.02.2024 / Long confirmed4 hour chart: The market over the weekend is not happy with the moves, let's look at the bitcoin chart and targets for the next couple weeks. After price got an upside exit from accumulation, which I wrote about in the previous breakdown, got an impulsive move up coming into accumulation from above and the bts zone, leaving liquidity at the top to deliver price behind the local and key high. I don't see the point of shorting against such an aggressive move, so I am looking at a couple POIs to consider futures long positions. 1. 4 hour imbalance + ind (I am considering a nascent long on ltf, after which I will consider). 2. 4 hour breaker imbalance (I will look for confirmation on higher timeframes, because if we mitigrate this zone of buyer interest, the structure on ltf was broken to short). In any case, I advise you to put a small % of your deposit in positions on the weekend, as the chances of manipulation are extremely high! Not financial advice, always think with your head! ❗
Long
by trademansi0n
Bitcoin A quick long trade on potential Price JumpBitcoin LONG trade on 1H chart based on the support resistance, for last couple of trades, BTC's both support and resistance got rejected multiple, however we can see a strong support compared a weak resistance. If the price continues to play like this we can see a sudden jump in the bitcoin Price. BTC entry: 26950 - 27000 Stop Loss: 26686 Take profits at 27289, 27472 move the Stop Loss to breakeven once the price moves up signifcantly, we will update when we move SL to BE. follow us to get notified on any new updates on this trade. Yours!
BITSTAMP:BTCUSDLong
by VectorAlgo
📈Bitcoin price movement near 40K level📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. After receiving support around the level of 38-39 thousand dollars, Bitcoin now has two possible scenarios in front of it. If the price fails to stabilize in the specified area, the bearish scenario will be activated. But according to the divergence of the indicated indicators in the chart, Bitcoin can advance towards $41,500 to $42,500 after stabilizing above the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
Long
by CrazyS
4
BTC and IBIT Blackrock ETF prices are pushing higher!Bitcoin and IBIT Blackrock ETF prices are pushing higher showing buyers are back in the game. But I also think we're hitting the upper range of this trend channel and likely due for a pullback. The Total Market Cap has a strong resistance area around $1.75T My thesis is that Bitcion pulls back after this bull trap rally and pushes back towards $38k before resuming the bull run (which would still be in the uptrending channel and bullish market structure). What are your thoughts?
NASDAQ:IBITLong
by BrettFogle
BTCUSDT: 4-Hour Rally to 46000! 🚀🎯Dive into the world of BTCUSDT as we ride the 4-hour chart with an active trade, capitalizing on a strong uptrend. An order block has formed, and an adaptive trend is in play, signaling potential gains. Keep your sights on the target: 46000. This is a dynamic market scenario, and active trading decisions should align with thorough research and risk management. Always stay informed and adapt to changing market conditions. Note: We are not responsible for any profit or loss resulting from trading decisions. Trade responsibly and consider consulting a financial advisor. Explore the opportunities, navigate the charts, and consider the potential of BTCUSDT with this active trade analysis. 🌊💹 #BTCUSDT #ActiveTrade #Uptrend #DynamicMarkets
Long
by NEOALGO_PRO
6